Boston Beer Co Q4 2023 GAAP EPS $(1.49) Misses $(0.09) Estimate, Sales $393.72M Miss $413.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Beer Co (NYSE:SAM) reported Q4 2023 GAAP EPS of $(1.49), significantly missing the $(0.09) estimate, with sales of $393.72M also missing the $413.78M estimate, marking a 12.02% decrease from the same period last year.
February 27, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Boston Beer Co reported a significant miss in Q4 2023 earnings and sales, with EPS at $(1.49) vs. $(0.09) estimate and sales at $393.72M vs. $413.78M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Boston Beer Co in the short term. The magnitude of the miss in earnings per share, exceeding analyst expectations by over 1555%, is particularly concerning and indicates operational challenges that could affect future profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100